Last year, the company increased rates by $37 million, or an overall increase of around 8%, and compensated an additional $6.8 million in other costs collected through monthly fees.

The residential rate increases, which will be on El Paso-area electric bills beginning from January 1, do not include two temporary fees that also will be added to electric bills beginning next month.

A $1.94 per month fee on residential bills for 12 months will allow the company to compensate the new rate charges back to July 18, which is the date new rates could take effect under Texas law.

Small commercial customers will get an average $1.42 per month bill credit for a year beginning from January 1 because their rates decreased.

Another 20 cents per month rate charge will be added to residential bills for 36 months to pay for the utility’s $3.4 million in rate-case expenses.

Residential customers with rooftop solar systems installed after December 14 will have to pay a minimum monthly bill of $30, even if the new solar customer’s electric bill is less than that amount.

Small commercial customers with new rooftop systems will have to pay a minimum monthly bill of $39.

Customers who have a solar-system application under review by El Paso Electric prior to December 14 will be treated as existing solar customers and will not have to pay the minimum monthly charge when their systems are installed.

Customers with existing solar systems will be treated like all residential and small commercial customers for the next 20 years and won’t have to pay the new monthly charge.

The company has about 3,300 residential customers and 76 commercial customers in Texas with rooftop solar systems.

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